Levi Strauss & Co. (NYSE:LEVI) Releases FY 2026 Earnings Guidance
Tariff refunds lifted margins and earnings, while direct-to-consumer sales grew just 2% and comparable sales were flat, the company said.
- On Wednesday, Levi Strauss raised its annual profit forecast after receiving tariff refunds, though it lowered full-year revenue growth guidance to 7%.
- Tariff refunds provided a 16-cent per share boost during the third quarter ended August 30, lifting Levi's adjusted earnings to 48 cents per share, exceeding analyst expectations of 36 cents.
- Net revenue rose 4% to $1.61 billion, but direct-to-consumer growth slowed to 2% as CEO Michelle Gass cited missed marketing targets in the United States.
- Management plans to redeploy $60 million into promotions and marketing this year while launching a $100 million accelerated share repurchase program to support future growth.
- Levi named John Vandemore, incoming chief financial officer effective November 1, succeeding Harmit Singh, the outgoing chief financial and growth officer who announced his planned retirement.
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Levi Strauss Raises Profit Outlook After Tariff Refund Boost
SAN FRANCISCO, October 7, 2026 — Levi Strauss raised its annual earnings forecast Wednesday after tariff refunds lifted third-quarter profits, while direct-to-consumer sales lagged management’s expectations. The NYSE-listed jeans maker now expects adjusted diluted earnings of $1.54 to $1.56 per share for fiscal 2026, compared with its previous range of $1.46 to $1.52, according to […]
Levi Strauss & Co. (NYSE:LEVI) Releases FY 2026 Earnings Guidance
Levi Strauss & Co. (NYSE:LEVI) updated its FY 2026 earnings guidance. The company provided EPS guidance of 1.540-1.560 for the period, compared to the consensus estimate of 1.540. The company also issued revenue guidance of $6.7 billion, compared to the consensus estimate of $6.8 billion.
Levi Strauss lifts annual profit outlook on tariff refunds, holiday demand
Oct 7 (Reuters) - Levi Strauss raised its annual profit forecast on Wednesday, after benefiting from tariff refunds, as it bets on strong holiday demand for its premium denim. Here are more details: • The apparel brand received $79 million in refunds...
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